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Genesis no longer seeks restructuring, instead looking to liquidate assets

Genesis no longer seeks restructuring, instead looking to liquidate assets

CointimeCointime2023/11/02 09:42
By:Cointime

The US government has stated that the latest bankruptcy plan submitted by encrypted lending company Genesis represents a significant change in plans. The company is now seeking to liquidate assets instead of restructuring.This change occurred after the New York Attorney General sued Genesis and its parent company Digital Currency Group (DCG), which could lead to delays in the liquidation process.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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